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ScienceLogic Reports Record Sales Growth in Q3
ScienceLogic Inc.�reported this week that it saw a 75 percent year-over-year sales increase during the third quarter of 2013.� And while ScienceLogic is not a publicly-held company that is required to report audited financial results, (but shared them in a momentum press release) we wondered what what has driven the IT management software provider's success?
The company said that the strategic shift from perpetual licenses to also offering subscription licenses has helped fuel its growth. Subscription licenses give customers the ability to flexibly grow and scale operations without the rigidity of a perpetual contract. ScienceLogic also pointed to the growing service provider market, citing growth rates of up to 30 percent annually as reported by 451 Research.�
The company also attributes its recent strength to the features and quality of its technology including� more than 1,000 dynamic apps, multi-tenancy, and dashboards that can be built in 90 seconds.
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